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ACEUSDT

ACEUSDT.1DUpon closely examining the ACE/USDT chart, several important technical details can be observed that help in determining the current market condition and potential future movements: Technical Analysis Resistance and Support Levels (R1, R2, S1): The ACE/USDT pair is currently under a significant bearish trend, having previously descended from a high that tested resistance level R1 at around $4.393. The market has established a clear downtrend marked by the downward-sloping red line, indicating sustained selling pressure. The current price is near a historical support level, S1. The response of the price at this level could be crucial for short-term direction. MACD Indicator: The Moving Average Convergence Divergence (MACD) indicates a bearish momentum as the MACD line is below the signal line and continues to widen the gap, reinforcing the strength of the current downtrend. The negative histogram values further validate the bearish sentiment prevalent in the market. Zig Zag Indicator: The Zig Zag pattern highlights the significant peaks and troughs, showing a clear downward trajectory. This pattern helps in identifying potential reversals or continuation of the trend. Conclusion The analysis of the ACE/USDT chart points to a bearish trend with critical support near the S1 level. Given the strength of the downward momentum indicated by the MACD, there is a high likelihood of continued bearish movement unless a significant reversal pattern emerges. Investors and traders should be cautious, as a break below the S1 level could lead to further declines. On the flip side, a bounce off this support might offer a short-term trading opportunity, albeit within a bearish context. Thus, monitoring the price action around S1 is imperative for those looking to trade based on technical signals. My strategy would involve preparing for potential downside but remaining alert for any signs of a bullish reversal, especially if other indicators begin to show divergences or if the price action suggests exhaustion of selling pressure.
by MarsSignals
ACE looks bearishFrom where we placed the red arrow on the chart, the ACE correction has started. The pattern seems to be a diametric and we are now at the end of wave D. By maintaining the red range, it can enter the E wave. The targets are clear on the chart. Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
ACE 29.05.24ACE 5.10-5.16 is an ideal long entry point. If BTC does not make a sudden dump, I predict that ACE coin will rebound from these levels, break the 5.7 resistance, and head toward the 6.63 resistance. Despite the risk, I am opening a small long position from these levels. Entry1: 5.41 Entry2: 5.15 Stop: 5 TP1: 5.7 TP2: 6.61 It is advisable to be cautious as BTC is still facing selling pressure . In the event of a flash crash, ACE coin could drop to levels around 4.65-4.7. What I write here serves as a note to myself. Does not include investment advice.
Long
by BarbarKalyon
ACEUSDT Bullish Signals Point to 60% Potential IncreaseIn the ongoing trajectory of ACEUSDT, the trend persists upwards, characterized by consistent higher highs and higher lows. Concurrently, a notable adherence to the uptrend trendline is evident upon examination of the daily chart. Particularly noteworthy is the decisive bounce off the 127.2% Fibonacci support level, occurring as the price briefly dipped below the uptrend trendline. This resilient response underscores the robust defense by bulls around the $11.60 mark. In summary, the prevailing indicators strongly suggest that the uptrend remains unbroken. In fact, I anticipate a minimum 60% price surge, with ACE setting its sights on the 327.2% Fibonacci resistance level at $18.50.
Long
by CryptoPAMM
9